PLANO — Henry S. Miller Brokerage has arranged the acquisition of a 46,502-square-foot, big-box retail building on 4.48 acres of land in Plano for buyer The Van Tuyl Group. Located at 300 Lexington Drive, the property is a former site of a Toys “R” Us location and sits adjacent to Crest Cadillac & Infiniti dealership. Bill Bledsoe of Henry S. Miller represented the buyer in the transaction, while Jim Avallone of DJM Realty represented the seller, DJM Realty for Toys “R” Us.
Texas
HOUSTON — CBRE has brokered the sale of 26,937 square feet of street-level retail and office space at Houston’s Bayou Lofts. The Denver-based buyer, Byers Street Properties, acquired the first two levels of the Topek Building and Parking Garage, which was incorporated into the Bayou Lofts redevelopment. Mike Hassler and Todd Casper of CBRE represented the seller, Dallas-based Spire Realty Group.
HOUSTON — Cushman & Wakefield has arranged the lease of 23,000 square feet at Northwest Place Industrial Park to Cameron International Corp. Jim Foreman and Beau Kaleel of Cushman & Wakefield represented owner Levey Group, a Houston-based commercial real estate company specializing in office-warehouse properties. Brandi McDonald of Newmark Real Estate represented the tenant, a provider of flow equipment products, systems and services to the oil, gas and process industries.
SAN ANTONIO — CBRE has arranged the sale and financing of Westover Springs, a 296-unit Class A apartment community in northwest San Antonio. The garden-style property, located near the intersection of State Highway 151 and Loop 1604, offers one-, two- and three-bedroom layouts and amenities such as a swimming pool, outdoor fireplace and grilling area, community center and fitness center. Charles Cirar, Ryan Epstein and Michael Wardlaw of CBRE Central Texas multi-housing represented the seller, a joint venture between Carbon Thompson and an equity fund advised by Prudential Real Estate Investors. Jim Kirkpatrick and Jim Richards of CBRE’s Debt and Equity Finance Group arranged the loan with 40/86 Capital. The buyer was Steel Castle Property Partners LLC.
HARLINGEN, TEXAS — Carter Validus Mission Critical REIT Inc. has acquired the Valley Baptist Health System’s Health and Wellness Center Property in Harlingen for $10.28 million. The property, built in 2007, totals 38,111 square feet and is in close proximity to Valley Baptist Medical Center, the largest hospital in a 50-mile radius. Harlingen is approximately 30 miles east of the McAllen-Edinburg-Mission metro area and 10 miles north of the Mexican border. Carter Validus, a non-traded REIT, is a vehicle of Carter & Associates that focuses on data center and healthcare assets.
GRAND PRAIRIE — PGT Holdings Inc., a Philadelphia-based distributor of dog food and pet treats, has signed a lease in the Dallas/Fort Worth metro area for its newest distribution center. The company will occupy 54,125 square feet of the 129,400-square-foot warehouse at 907 Avenue R in Grand Prairie, about 13 miles west of downtown Dallas. Joe Santaularia and Brian Pafford of Bradford represented PGT in the negotiations, while Canon Shoults of Holt Lunsford Commercial represented landlord DFW I Investors LLC.
PEARLAND, TEXAS — Marcus & Millichap has brokered the sale of Sunrise Lake Center, a two-building office portfolio in Pearland, approximately 15 minutes south of downtown Houston. The asset commanded a list price of $4.6 million. The properties include a four-story, 37,243-square-foot office tower and a 34,983-square-foot professional building located at 9307 and 9223 Broadway Street, respectively. Jerry Goldstein of Marcus & Millichap’s Houston office represented the seller, a financial institution, and also secured the buyer.
FORT WORTH — Commercial real estate services firm Lee & Associates has arranged the lease of 130,095 square feet of industrial space for Dollamur Sport Surfaces, a manufacturer of athletic mats. The leased property is located at 1734 E El Paso Street in Fort Worth. Becky Thompson of Lee & Associates represented the tenant, while Ryan Wood of Conti Warehouses represented the landlord, Conti RSB LLC.
DILLEY, TEXAS — Marcus & Millichap has brokered the sale of Sandia Apartments, a 25-unit property in Dilley, approximately 70 miles southwest of San Antonio. The complex, built in 1995, offers one-, two- and three-bedroom floorplans plus a clothes care facility and swimming pool. Moses Siller of Marcus & Millichap’s San Antonio office represented the seller, a private investor, and also secured the buyer, a private investor.
HOUSTON — NAI Houston and Boyd Commercial have arranged the lease of a 67,500-square-foot crane-served heavy manufacturing building in Houston’s Northeast Inner Loop industrial submarket to Global Tech & Motor Controls Inc. The electric motor and generator manufacturer primarily serves clients in the marine, offshore and land drilling industries. Clay Pritchett of NAI Houston and Clay Peeples of Boyd represented the landlord, 525 McCarty LLC, in the agreement, which was a direct deal with the tenant.